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CVX

CHEVRON CORPeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00095.5sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$184.4BR3 Sales and other operating revenues184,432 millions$184.4B ✓
Operating income-not printed on this statement--
Net income attributable to the company$12.3BR21 Net Income (Loss) Attributable to Chevron Corporation12,299 millions$12.3B ✓
Diluted EPS$6.63R25 - Diluted6.63$6.63 ✓
Cash and cash equivalents$6.3BR3 Cash and cash equivalents6,293 millions$7.3B
Total assets$324.0BR22 Total Assets324,012 millions$324.0B ✓
Total liabilities$131.8BR34 Total Liabilities2131,836 millions$131.8B ✓
Total shareholders' equity attributable to the company$186.4BR42 Total Chevron Corporation Stockholders’ Equity186,450 millions$186.4B ✓
Net cash from operating activities$33.9BR16 Net Cash Provided by Operating Activities33,939 millions$33.9B ✓
Net cash from investing activities-$15.9BR25 Net Cash Used for Investing Activities(15,911) millions-$15.9B ✓
Net cash from financing activities-$19.1BR33 Net Cash Provided by (Used for) Financing Activities(19,063) millions-$19.1B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · totalEquity excludes noncontrolling interests
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · netIncome excludes noncontrolling interests
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

All 2 checkable claims in management's discussion match the statements. 3 more were about segments, regions or adjusted measures and weren't checked.

  • matchesNet cash from operating activities: "Net Cash Provided by Operating Activities" is 33939000000 (prior year 31492000000)
    “Cash provided by operating activities in 2025 was $33.9 billion, compared to $31.5 billion in 2024, primarily as higher cash distributions from TCO and contributions from legacy Hess assets more than offset the impact of lower commodity prices.”
  • matchesNet cash from operating activities: "Net Cash Provided by Operating Activities" is 33939000000 (prior year 31492000000)
    “Cash provided by operating activities in 2025 was $33.9 billion, compared to $31.5 billion in 2024, primarily as higher cash distributions from TCO and contributions from legacy Hess assets more than offset the impact of lower commodity prices.”

trace

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    {
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  2. 1cash flow agent1.65s · 1557 tokens · $0.0002
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    {
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    {
      "note": "This is the operating activities section total, including changes in working capital.",
      "field": "operatingCashFlow",
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      "printed": "33,939",
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      "rowLabel": "Net Cash Provided by Operating Activities",
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      "priorPrinted": "31,492",
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    },
    {
      "note": "This is the investing activities section total.",
      "field": "investingCashFlow",
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      "value": -15911000000,
      "printed": "(15,911)",
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      "rowLabel": "Net Cash Used for Investing Activities",
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    {
      "note": "This is the financing activities section total.",
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      "scale": 1000000,
      "value": -19063000000,
      "printed": "(19,063)",
      "rowIndex": 33,
      "rowLabel": "Net Cash Provided by (Used for) Financing Activities",
      "priorValue": -23472000000,
      "agentPrinted": "(19,063)",
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  3. 2income statement agent1.77s · 1570 tokens · $0.0002
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    {
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    {
      "note": "Sales and other operating revenues is the company-wide revenue line and excludes equity-affiliate and other income.",
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      "printed": "184,432",
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      "failedChecks": [],
      "priorPrinted": "193,414",
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    {
      "note": "The statement does not print operating income or an equivalent operating-profit line.",
      "field": "operatingIncome",
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    {
      "note": "This line is net income attributable to Chevron Corporation, excluding noncontrolling interests.",
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    {
      "note": "This is the diluted per-share figure for net income attributable to Chevron Corporation.",
      "field": "epsDiluted",
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      "rowLabel": "- Diluted",
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  4. 3balance sheet agent1.83s · 1712 tokens · $0.0002
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    {
  "figures": [
    {
      "note": "This is the balance sheet’s cash and cash equivalents line.",
      "field": "cash",
      "scale": 1000000,
      "value": 6293000000,
      "printed": "6,293",
      "rowIndex": 3,
      "rowLabel": "Cash and cash equivalents",
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    {
      "note": "This row prints Total Assets.",
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      "scale": 1000000,
      "value": 324012000000,
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      "note": "This is the Total Liabilities line, not Total Liabilities and Equity.",
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      "note": "This is Chevron Corporation stockholders’ equity, excluding noncontrolling interests.",
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      "printed": "186,450",
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  {
    "name": "totalEquity_attribution",
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    "skipped": false,
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  {
    "name": "netIncome_before_preferred",
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    "name": "netIncome_attribution",
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      "netIncome"
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  },
  {
    "name": "cash_flow_tie",
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      "investingCashFlow",
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  6. 5MD&A claims agent3.11s · 1327 tokens · $0.0003
    null
    [
  {
    "kind": "current_value",
    "field": "cash",
    "quote": "Total balances were $6.3 billion and $6.8 billion at December 31, 2025 and 2024, respectively.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Cash and cash equivalents: the sentence doesn't name this figure",
    "claimed": null,
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    "asWritten": "$6.3 billion",
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    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "cash",
    "quote": "Total balances were $6.3 billion and $6.8 billion at December 31, 2025 and 2024, respectively.",
    "scope": "consolidated",
    "actual": null,
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  {
    "kind": "current_value",
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    "quote": "Cash provided by operating activities in 2025 was $33.9 billion, compared to $31.5 billion in 2024, primarily as higher cash distributions from TCO and contributions from legacy Hess assets more than offset the impact of lower commodity prices.",
    "scope": "consolidated",
    "actual": 33939000000,
    "reason": "Net cash from operating activities: \"Net Cash Provided by Operating Activities\" is 33939000000 (prior year 31492000000)",
    "claimed": 33900000000,
    "verdict": "consistent",
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  {
    "kind": "current_value",
    "field": "operatingCashFlow",
    "quote": "Cash provided by operating activities in 2025 was $33.9 billion, compared to $31.5 billion in 2024, primarily as higher cash distributions from TCO and contributions from legacy Hess assets more than offset the impact of lower commodity prices.",
    "scope": "consolidated",
    "actual": 33939000000,
    "reason": "Net cash from operating activities: \"Net Cash Provided by Operating Activities\" is 33939000000 (prior year 31492000000)",
    "claimed": 31500000000,
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    "quote": "Cash provided by operating activities in 2025 was $33.9 billion, compared to $31.5 billion in 2024, primarily as higher cash distributions from TCO and contributions from legacy Hess assets more than offset the impact of lower commodity prices.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Net cash from operating activities: the claimed number isn't in the quoted sentence",
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    "asWritten": "$2.4 billion",
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Income statement

table #149 · current period is figure column 1
0Year ended December 31
1202520242023
2Revenues and Other Income
3Sales and other operating revenues← Total revenue184,432193,414196,913
4Income (loss) from equity affiliates3,0004,5965,131
5Other income (loss)1,5994,782(1,095)
6Total Revenues and Other Income189,031202,792200,949
7Costs and Other Deductions
8Purchased crude oil and products108,214119,206119,196
9Operating expenses28,00527,46424,887
10Selling, general and administrative expenses5,1264,8344,141
11Exploration expenses1,051995914
12Depreciation, depletion and amortization20,13217,28217,326
13Taxes other than on income5,2304,7164,220
14Interest and debt expense1,217594469
15Other components of net periodic benefit costs313195212
16Total Costs and Other Deductions169,288175,286171,365
17Income (Loss) Before Income Tax Expense19,74327,50629,584
18Income Tax Expense (Benefit)7,2589,7578,173
19Net Income (Loss)12,48517,74921,411
20Less: Net income (loss) attributable to noncontrolling interests1868842
21Net Income (Loss) Attributable to Chevron Corporation← Net income attributable to the company12,29917,66121,369
22Per Share of Common Stock
23Net Income (Loss) Attributable to Chevron Corporation
24- Basic6.659.7611.41
25- Diluted← Diluted EPS6.639.7211.36
26See accompanying Notes to the Consolidated Financial Statements.
27Consolidated Statement of Comprehensive IncomeFinancial Table of Contents
28Millions of dollars

Balance sheet

table #153 · current period is figure column 1
0At December 31
120252024
2Assets
3Cash and cash equivalents← Cash and cash equivalents6,2936,781
4Time deposits44
5Marketable securities--
6Accounts and notes receivable (less allowance: 2025 - $176; 2024 - $259)18,07520,684
7Inventories:
8Crude oil and products6,6406,490
9Chemicals571502
10Materials, supplies and other2,5002,082
11Total inventories9,7119,074
12Prepaid expenses and other current assets4,4694,368
13Total Current Assets38,55240,911
14Long-term receivables, net (less allowances: 2025 - $216; 2024 - $352)1,035877
15Investments and advances43,86747,438
16Properties, plant and equipment, at cost434,955345,933
17Less: Accumulated depreciation, depletion and amortization215,226198,134
18Properties, plant and equipment, net219,729147,799
19Deferred charges and other assets16,23614,854
20Goodwill4,5684,578
21Assets held for sale25481
22Total Assets← Total assets324,012256,938
23Liabilities and Equity
24Short-term debt9774,406
25Accounts payable19,28022,079
26Accrued liabilities10,7638,486
27Federal and other taxes on income8441,872
28Other taxes payable1,5231,715
29Total Current Liabilities33,38738,558
30Long-term debt139,78120,135
31Deferred credits and other noncurrent obligations24,54322,094
32Noncurrent deferred income taxes30,01419,137
33Noncurrent employee benefit plans4,1113,857
34Total Liabilities2← Total liabilities131,836103,781
35Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued)--
36Common stock (authorized 6,000,000,000 shares; $0.75 par value; 2,442,676,580 shares issued at December 31, 2025 and 2024)1,8321,832
37Capital in excess of par value33,88621,671
38Retained earnings205,365205,852
39Accumulated other comprehensive losses(2,464)(2,760)
40Deferred compensation and benefit plan trust(240)(240)
41Treasury stock, at cost (2025 - 448,260,458 shares; 2024 - 673,664,306 shares)(51,929)(74,037)
42Total Chevron Corporation Stockholders’ Equity← Total shareholders' equity attributable to the company186,450152,318
43Noncontrolling interests5,726839
44Total Equity192,176153,157
45Total Liabilities and Equity324,012256,938
461 Includes finance lease liabilities of $659 and $546 at December 31, 2025 and 2024, respectively.
472 Refer to Note 24 Other Contingencies and Commitments.
48See accompanying Notes to the Consolidated Financial Statements.
49Consolidated Statement of Cash FlowsFinancial Table of Contents
50Millions of dollars

Cash flow statement

table #155 · current period is figure column 1
0Year ended December 31
1202520242023
2Operating Activities
3Net Income (Loss)12,48517,74921,411
4Adjustments
5Depreciation, depletion and amortization20,13217,28217,326
6Dry hole expense325429436
7Distributions more (less) than income from equity affiliates2,282(366)(885)
8Net before-tax gains on asset retirements and sales(462)(1,685)(138)
9Net foreign currency effects585(629)578
10Deferred income tax provision9861,240298
11Net decrease (increase) in operating working capital(1,008)1,211(3,185)
12Decrease (increase) in long-term receivables(132)114150
13Net decrease (increase) in other deferred charges(508)(1,225)(300)
14Cash contributions to employee pension plans(588)(844)(1,120)
15Other(158)(1,784)1,038
16Net Cash Provided by Operating Activities← Net cash from operating activities33,93931,49235,609
17Investing Activities
18Acquisition of businesses, net of cash received1,056-55
19Acquisition of Hess Corporation common stock(2,225)--
20Capital expenditures(17,347)(16,448)(15,829)
21Proceeds and deposits related to asset sales and returns of investment1,8267,704669
22Net maturities of (investments in) time deposits1(4)-
23Net sales (purchases) of marketable securities-45175
24Net repayment (borrowing) of loans by equity affiliates778(233)(302)
25Net Cash Used for Investing Activities← Net cash from investing activities(15,911)(8,936)(15,232)
26Financing Activities
27Net borrowings (repayments) of short-term obligations(1,061)4,868135
28Proceeds from issuances of long-term debt11,402478150
29Repayments of long-term debt and other financing obligations(4,475)(1,778)(4,340)
30Cash dividends - common stock(12,751)(11,801)(11,336)
31Net contributions from (distributions to) noncontrolling interests(323)(195)(40)
32Net sales (purchases) of treasury shares(11,855)(15,044)(14,678)
33Net Cash Provided by (Used for) Financing Activities← Net cash from financing activities(19,063)(23,472)(30,109)
34Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash58(97)(114)
35Net Change in Cash, Cash Equivalents and Restricted Cash(977)(1,013)(9,846)
36Cash, Cash Equivalents and Restricted Cash at January 18,2629,27519,121
37Cash, Cash Equivalents and Restricted Cash at December 317,2858,2629,275
38See accompanying Notes to the Consolidated Financial Statements.
39Consolidated Statement of EquityFinancial Table of Contents
40Millions of dollars, except per-share amounts